LIC Mutual Fund changes name of five schemes

LIC Mutual Fund has announced the name change of its five schemes which include debt and equity schemes.

The fund informed about the changes to its unitholders through a notice-cum-addendum. These changes will be effective from June 1.

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These five schemes are from solution oriented - children’s fund, medium to long duration fund, banking and PSU fund, focused fund, and value fund categories.

The fund house mentioned that these changes are pursuant to paragraph 2.6 of SEBI Master Circular for Mutual Funds dated 19th May 2023.

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All the references to the existing name, wherever appearing in the scheme information document, key information memorandum of the respective scheme(s) and statement of additional information of LIC Mutual Fund, shall be replaced with the revised names as mentioned above. All other terms and conditions of the schemes will remain unchanged.

This notice cum addendum forms an integral part of the SID and KIM of the scheme(s) and SAI of LIC Mutual Fund as amended from time to time.